Random EV thoughts.....

ACA, accelerated capital allowance? No, we didnt claim that, just depreciating the car over 4 years in line with all our vehicles.

yeah, its a strange one, all other chargers are in the city or over on the Cork road side of things.

and as you say Tesco, then Aldi and Lidl etc.

I visit here a bit and its a bit of a pain having to go in near city etc to get decent charging

But if fully depreciated over 4 years, how do you account for money you get when you sell it? (after 4 years) Plus I didn't think you could decide the term yourself, why not depreciate over 1 or 2 years?

It would be a gain or loss on disposal, sales proceeds less net book value. So that would be added or subtracted from your profit in year of disposal. So yeah it would be over depreciated at 4 years because there will be residual value in a well kept passenger vehicle which would add to your taxable profits in that year.

You can choose your own depreciation rate based on useful economic life but need to be consistent across years and asset class, can't just change your depreciation policy to suit yourself in a particular year. We always did 4 years on our vehicles, the vast majority are vans which have a tough life and after 4 years when fully paid off have had a reasonably tough life and historically had little value in them. So the 4 year accounts are reasonably close to reality.

There's 36 vehicles on fleet at the moment so what you're doing with 1 particular vehicle isn't hugely affective to the accounts, if profit on disposal of 1 increases taxable profits there's plenty of new vehicles coming into service and being depreciated to offset it.....

Depreciation and Capital Allowances are two different things for tax. All motor vehicles for capital allowances are allowed for tax over 8 years or 12.5% a year. There are some exceptions for energy efficient equipment including electric vehicles. The maximum capital allowance allowed on a non commercial motor vehicle is €24k.

The Depreciation rates can be set by the company to reflect the useful life of the asset. The amount of depreciation is not allowed for tax but a credit is given for the capital allowances which may not be the same amount as different rates could be used.

VRT would likely be exempt anyway, it's based on the new OMSP and then a sliding scale of depreciation. I'd imagine even if not it would be in the 40-50k threshold so still reduced.

Taxes would be 10% +23% on the purchase price plus shipping. So, say it was 28k (https://www.autotrader.co.uk/car-details/202409204262425?sort=price-asc&advertising-location=at_cars&make=Tesla&model=Model%20X&postcode=BT82%208AX&seats_values=7&fromsra) so that's 33k euro purchase, plus 500 for shipping. Round up to 34. Then you have ((34k*1.1)*1.23) giving a total landed and registered cost of 46k. Assuming VRT is zero (maybe it's a grand on the top at most)

Now there are (100% legal) ways and means around the customs + vat bit so I'm hoping to have it for the 34k eur. But that's another story for another day.

Yeah another reason I will never buy new again is due to the sheer level of tax on a new car, no thanks !

and MOT'd and taxed up there too.

Its only a matter of time before they are installed. The fact it's mainly housing estates rather than terraced housing or apartments in the area makes it easier for the locals to charge at home.

Mind you I'm surprised the hospital and adjacent retail park don't have any fast chargers.

1 million dollars

How much does it cost to fill your 1.6 petrol? @Gerrymandering reborn

700kms would be two full charges for most 60kwh BEVs - so 120kwh x 60c approx at a public charger (much lower at Tesla chargers). Call it E72?

From home on an average night rate, maybe 120kwh x 15c approx. Call it E18?

Ok , here's some actual data, average efficiency of my id3 82 Kwh around 74 available was say 18 Kwh / 100 km - 22 Kwh/100km or higher driven harder.

22 Kwh/100km = 4.54 kwh

4.54 divide by 700 = 154 Kwh needed to travel 700 kms at average efficiency of 22 kwh/100 km

Cost at fast charger, ionity is what 65 c/kwh ? = 100 euros to travel 700 kms.

22 Kwh and even higher wouldn't be uncommon at faster speeds and poorer weather, cold etc.

However, one of the biggest issues for me was the time to charge, vs queues vs many lower power chargers taking even longer to charge. I couldn't count the hrs I lost due to charging so we ended up taking the diesel for most of the longer trips.

Considering we have 2 cars, one diesel, I'd have been far better off buying an EV with less Kwh because it was of no real value because we just took the diesel and come time to trade in it was worth absolutely nothing over the id3 with the smallest battery.